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>> well, maybe a huge obama rally we've been having. the weakest stocks has been the dividend payers, the
>> well, maybe a huge obama rally we've been having. the weakest stocks has been the dividend payers, the
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Nov 17, 2012
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headed by an obama supporters, they're laying off workers. they're a medical supply company. >> they're not going to fire all of their employees. because you can't make any money if you don't have employees. let's get real. let's not pretend. >> okay. let me bring in wayne rogers because wayne, what we're talking about here is maybe companies -- this is christian's point, they're not laying off people. they may be restructuring how they cover the employees that they have. i mean, is that a threat, do you think, to jobs or no? >> well, all due respect to christian, christian, you mentioned that the restaurant business is not necessarily representative. i, as you well know, principle in a business. we employ over 200 people. it is going to be a big impact on us. we do not know yet what it's going to fully do. are we going to have to lay off some people? yes, we will probably have to lay off some people. we will have to reschedule a lot of things, a lot of things will be done. we can't certainly absorb it all. that's for sure. so this thing has
headed by an obama supporters, they're laying off workers. they're a medical supply company. >> they're not going to fire all of their employees. because you can't make any money if you don't have employees. let's get real. let's not pretend. >> okay. let me bring in wayne rogers because wayne, what we're talking about here is maybe companies -- this is christian's point, they're not laying off people. they may be restructuring how they cover the employees that they have. i mean, is...
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Nov 17, 2012
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fiscal cliff negotiations between president obama and congress kick off. the pressure mounts for the gop to cave. so how far will they go to stand their ground? one republican senator is here with the answer. >>> plus an oil rig explodes in the gulf of mexico just one day after bp's record settlement for the 2010 gulf spill disaster. could it spark a new federal crackdown on gulf oil production? >> the day the twinkie died. hostess is closing its doors for good after failing to break a union labor strike. can the iconic brand still survive in the afterlife? the ceo of hostess will join us coming up. even when they say it's not it is always about twinkies. melissa: all right. first let's take a look at the day's market headlines. cautious optimism over today's fiscalliff negotiations put stocks in the green. the dow rose for just the second time since the election gaining 45 points. >>> shares of dell got hammered today. the computer-maker announced its third quarter profit dropped by nearly half while giving a cautious revenue outlook. >>> facebook shares
fiscal cliff negotiations between president obama and congress kick off. the pressure mounts for the gop to cave. so how far will they go to stand their ground? one republican senator is here with the answer. >>> plus an oil rig explodes in the gulf of mexico just one day after bp's record settlement for the 2010 gulf spill disaster. could it spark a new federal crackdown on gulf oil production? >> the day the twinkie died. hostess is closing its doors for good after failing to...
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. >> president obama promised to begin to slow the rise of the oceans. and to heal the planet. my promise is to help you and your family. >> reporter: on the other side are 99% of climate scientists with ph.ds and the president. >> i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions. >> reporter: and happy to agree are most of the insurance companies that insure insurance companies. like munich re. the german giant reported last month that north america is getting the worst of it, as weather disasters cost over a trillion dollars in the last 30 years, as storms quintupled. and they're warning kri ining c brace for much more as the melting accelerates. >> 1984, the glacier was down there, 11 miles away. and today, it's back here. receded 11 miles. the glacier's retreating, but it is thinning at the same time. like air being let out of a balloon. you can see what's called the trim line. the high water mark of the glacier, in 1984. that vertical change is the height of the empire state building. >> reporter: skeptics will no
. >> president obama promised to begin to slow the rise of the oceans. and to heal the planet. my promise is to help you and your family. >> reporter: on the other side are 99% of climate scientists with ph.ds and the president. >> i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions. >> reporter: and happy to agree are most of the insurance companies that insure insurance companies. like munich re. the german giant...
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president obama spoke on the phone with benjamin netanyahu to try to defuse the situation. that is not all washington is doing. let's go to cnn pentagon correspondent barbara starr in washington. barbara? >> the big concern here in washington is a ground war in gaza. there is growing concern that israeli troops and tank forces might cross the border and move into gaza. that is the major escalation that the u.s. does not want to see. so, the calculation now is, what does it take to make hamas stop its rocket attacks into israel and israel feel comfortable enough with that to pull back on the air strikes and pull back on any ground forces that it is assembling near the gaza border. there has been a lot of diplomacy going on. defense secretary leon panetta traveling in asia, calling the israeli defense minister barack. secretary of state hillary clinton firing up the diplomatic phone lines calling israel, turkey and jordan. randi? >> barbara starr in washington, thank you. as you can see, cnn has every angle covered on this story. >>> much more ahead this hour. here's a look a
president obama spoke on the phone with benjamin netanyahu to try to defuse the situation. that is not all washington is doing. let's go to cnn pentagon correspondent barbara starr in washington. barbara? >> the big concern here in washington is a ground war in gaza. there is growing concern that israeli troops and tank forces might cross the border and move into gaza. that is the major escalation that the u.s. does not want to see. so, the calculation now is, what does it take to make...
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but republicans contend the obama administration wanted to down play terrorism from the start. >> the issue is from what was released from c.i.a. headquarters on friday afternoon in an unclassified talking point memo to the point it was changed to the sunday morning talk shows, there is a gap of about 48 hours that we need to account for and understand why it was changed. >> all the intelligence community have told us that initially they recognized there were extremists and terrorists involved, but they thought it came from a protest, that it took them time to sort that out, that there was no political spin in this. >> after the talking points memo left the c.i.a., then went to other intelligence agencies and the white house and the state department and the justice department and then to lawmakers. somewhere in there, the language was changed. rick? >> rick: molly henneberg live in washington. thank you. >> arthel: the white house now reporting that president obama will meet with congressional leaders the week after thanksgiving. they will discuss ways to avoid the so-called fiscal cl
but republicans contend the obama administration wanted to down play terrorism from the start. >> the issue is from what was released from c.i.a. headquarters on friday afternoon in an unclassified talking point memo to the point it was changed to the sunday morning talk shows, there is a gap of about 48 hours that we need to account for and understand why it was changed. >> all the intelligence community have told us that initially they recognized there were extremists and...
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Nov 17, 2012
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will it be mccain or obama? >> well, there's no reason why the president of the united states and the commander in chief would not be told that it was al qaeda, and he is privy to all classified information. i can person-- as far as susan s concerned, she's a cabinet member, she went on the sunday shows and repeated over and over and over what we knew at the time could not possibly be the full story, and i was on this show with you two ladies before she went on those sunday shows and i said if you think this is about a youtube video, then get in line for a female procedure, which i will not again repeat. it was clear to reporting, to anyone who picked up the newspaper who read -- even read foreign papers that what susan rice was pedaling on those sunday shows was not the full story. even though she insisted over and over and over again that this was a spontaneous mob action, which as we have now learned, did not even take place. she has to be held accountable, as well as the people who -- president obama himself
will it be mccain or obama? >> well, there's no reason why the president of the united states and the commander in chief would not be told that it was al qaeda, and he is privy to all classified information. i can person-- as far as susan s concerned, she's a cabinet member, she went on the sunday shows and repeated over and over and over what we knew at the time could not possibly be the full story, and i was on this show with you two ladies before she went on those sunday shows and i...
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now for barack obama. he's given us health care and a discrimination based on sexual orientation, begun the case for marriage equality, toughened the fight against terror
now for barack obama. he's given us health care and a discrimination based on sexual orientation, begun the case for marriage equality, toughened the fight against terror
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Nov 17, 2012
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remember fox news exit polls showed 71% of hispanics backed president obama on election day. only 27% supported governor mitt romney. mike emmanuel is live in d.c tell us what's now behind the achieve act. >> two retiring u.s. senators and a senate republican rising star, kay bailey hutchison of texas, jon kile from arizona, and florida's marco rubio for hutchison and kyle, they're leaving at the end of the year, so they'd love to push this across the finish line. this would give the children of illegal immigrants legal status with visas and if they do all the right things, eventually a shot at citizenship. but unlike the dream act, this doesn't allow the young people to jump ahead of those who would like to be legal immigrants. >> i think it strikes a balance because there is a concern, there is people who have been waiting in line for ten years and waiting to come into this country and so i think this strikes that balance. so now these children will be able to go to college. will be able to join the military and then after that, get a work visa for four years. >> republican
remember fox news exit polls showed 71% of hispanics backed president obama on election day. only 27% supported governor mitt romney. mike emmanuel is live in d.c tell us what's now behind the achieve act. >> two retiring u.s. senators and a senate republican rising star, kay bailey hutchison of texas, jon kile from arizona, and florida's marco rubio for hutchison and kyle, they're leaving at the end of the year, so they'd love to push this across the finish line. this would give the...
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president obama met with congressional leaders and they made optimistic noises about how they are confident they'll reach a deal to avoid the looming fiscal cliff? the meeting helped stem the tide of decline. it caused the averages to slightly rebound. the dow closing up 46 points, pretty impressive. call me cynical, but i think we need to be careful about getting too excited about any near term resolution. how many times during the debt ceiling debacle, remember that? did our leaders insist they could hammer out a deal. even a huge grand bargain to fix the deficit only to have the negotiations unravel. until we get a resolution, the fiscal cliff will be the most important issue out there. tonight as part of my game plan, i'm going to give the historical prism as long as the cliff is hanging over our heads. as a gristled veteran of the markets, i searched my memory for the perfect analog for this moment and found it in something that happened more than 20 years ago. before i give you the investing framework for the next six weeks, let's go over the more time sensitive stuff and game plan fo
president obama met with congressional leaders and they made optimistic noises about how they are confident they'll reach a deal to avoid the looming fiscal cliff? the meeting helped stem the tide of decline. it caused the averages to slightly rebound. the dow closing up 46 points, pretty impressive. call me cynical, but i think we need to be careful about getting too excited about any near term resolution. how many times during the debt ceiling debacle, remember that? did our leaders insist...
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Nov 17, 2012
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i think hurricane sandy helped obama get reelected. >> how so? >> look at the bloomberg endorsement that came at the last minute? . he believed this was an issue that voters cared about that independents would swing to obama over climate change and some of the polling absolutely supports this that this was one of the reasons that people voted for obama over romney was that they were concerned about climate change and they felt he was a better candidate on climate change. we had a terrible, terrible candidate on climate change and we had a candidate on climate change who needs a lot of pressure. so i feel more optimistic than i did in 2008 because in 2008 the attitude of the environmental movement was our guy just got in and we need to support him and he's going to give us the legislation that we want and we'll take his advice and we're going to be good little soldiers and now maybe i'm being overly optimistic, but i think people learn the lesson of the past four years and people now understand that what obama needs and what we need, forget what o
i think hurricane sandy helped obama get reelected. >> how so? >> look at the bloomberg endorsement that came at the last minute? . he believed this was an issue that voters cared about that independents would swing to obama over climate change and some of the polling absolutely supports this that this was one of the reasons that people voted for obama over romney was that they were concerned about climate change and they felt he was a better candidate on climate change. we had a...
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that is if the obama administration allows it. so, steve, you've been out to the shale in north dakota where it's coming from, and fracking so-called, and drilling and private risk taking. what does it mean for the u.s. energy markets? >> well, this is such a great, great pro american stir and by the way, paul, it's not just oil, it's also natural gas. >> paul: right, sure. >> my goodness we have more natural gas than the rest of the world combined and it's driven by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> paul: the electric car industry, steve? (laughter) >> no, not that one. oil and gas and the thing that's so amazing, the president is doing almost everything he can to try to hold this back with regulations and with not allowi allowing permitting most of the oil and gas development is going out on priv
that is if the obama administration allows it. so, steve, you've been out to the shale in north dakota where it's coming from, and fracking so-called, and drilling and private risk taking. what does it mean for the u.s. energy markets? >> well, this is such a great, great pro american stir and by the way, paul, it's not just oil, it's also natural gas. >> paul: right, sure. >> my goodness we have more natural gas than the rest of the world combined and it's driven by the...
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Nov 17, 2012
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say obama rejects keystone. a lot of that oil is going to come down a pipeline double the size of michigan. they're looking to a pipeline in the east because of the west. now they're trying to ship it east. >> i also want to talk about, my question is the presidential leadership aside and i think the bully pulpit could be overrated. you still have the house republican caucus. the question, i want to hear from you the theory of change here that is like attacking this problem that isn't just more speeches from barack obama. after we take this break. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken. and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. a wit takes some doing.sn't just happen. mmm i can still see you. some coordinating. and a trip to the one place with the new ideas that help us pull it all together.
say obama rejects keystone. a lot of that oil is going to come down a pipeline double the size of michigan. they're looking to a pipeline in the east because of the west. now they're trying to ship it east. >> i also want to talk about, my question is the presidential leadership aside and i think the bully pulpit could be overrated. you still have the house republican caucus. the question, i want to hear from you the theory of change here that is like attacking this problem that isn't...
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i voted for obama. i have a lot of respect -- a lot of confidence with him working with the congressional leadership and congress in solving the problem. let's remember where this problem came from. after the fall of the soviet union and fighting communism and spending all of this military money, the 10 years or so in the '90s we no longer had that problem. president clinton left office with two consecutive years of a balanced budget and turned over a -- now what seems like a trifle debt to george w. bush. at $4.50 trillion is now something like $16 trillion. muster that amassed during the bush administration because of two and necessary wars and an extraordinary and needed a tax cut which is on the table right now. that was supposed to sunset two years ago. we had a two year extension. it will disappear on 1231. those things are what has driven this debt up. i think he has the strength of leadership to work with congress and -- i feel very confident in him bring this under control and bringing us back
i voted for obama. i have a lot of respect -- a lot of confidence with him working with the congressional leadership and congress in solving the problem. let's remember where this problem came from. after the fall of the soviet union and fighting communism and spending all of this military money, the 10 years or so in the '90s we no longer had that problem. president clinton left office with two consecutive years of a balanced budget and turned over a -- now what seems like a trifle debt to...
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obama's executive action. now, they are saying to attempt to to pass pooh this by the end of the year. rubio says they better explain for a legal system that works. >> it's hard to get people to understand it if they think you want to deport their grand mother. >> with 12 million more latinos voting this year they are clearly more powerful force. >> i think what was incredibly encouraging to see on significant increase in latino turnout. >> mitt romney received only 27% of the latino vote. the worst g.o.p. showing prompting some a sense of urgency. >> it's only a time where i can't win an election without the latino vote. i think conservatives are paying attention. >> congressional sources know that the executive action was only a temporary solution so a permanent fix is needed. they say the undocumented young people don't have a legal claim, there is a humanitarian issue to be addressed. >> gregg: we are just getting started. lots to tell you about today. we're following the escalating violence out of middle
obama's executive action. now, they are saying to attempt to to pass pooh this by the end of the year. rubio says they better explain for a legal system that works. >> it's hard to get people to understand it if they think you want to deport their grand mother. >> with 12 million more latinos voting this year they are clearly more powerful force. >> i think what was incredibly encouraging to see on significant increase in latino turnout. >> mitt romney received only 27%...
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that is not a bad message if you are the obama white house. >> i agree, i think obama clearly ran on raising taxes on those making a quarter million dollars or more per year and 67% of the voters consistently agreed with that message. that is as close to a mandate as you were going to get in american politics. the candidates talk about it, the voters agree and poles to it, and the guy wins. so he has a mandate to try to do that, but there is no law saying that republicans cannot lay down in front of the train and stop that. and are divided party system, this republican party has the ability to stop that until we get to the machinations of the bush tax cuts. every time obama sat down to negotiate with republicans up until now, they have had an its vantage. that is that obama always wanted negotiations to succeed more than they did. a lot of republicans said, hey, let the debt ceiling expire because that is the kind of fire and brimstone punishment of a sitting nation that turns them on. but right now what will happen is if the six buyers, all those tax cuts expire at once, and then th
that is not a bad message if you are the obama white house. >> i agree, i think obama clearly ran on raising taxes on those making a quarter million dollars or more per year and 67% of the voters consistently agreed with that message. that is as close to a mandate as you were going to get in american politics. the candidates talk about it, the voters agree and poles to it, and the guy wins. so he has a mandate to try to do that, but there is no law saying that republicans cannot lay down...
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obama is not right. i'm not a fan of mr. obama, i didn't vote for him, but he's right. it's not complex arithmetic, we have to get more money in the system. >> he said that, there were people who agreed with the approach even though they didn't agree with him. >> i think the republicans have a decision today. they need to decide whether they're going to stay and protect the wealthiest americans from participating in this challenge that we have and if they do that, then we have no other choice but to go into next year when all of the bush tax cuts expire and start over. i don't want to do that. i don't think we should do that, but that's what they could force us to do. >> your response to that. >> i think we may very well have to do that and i don't understand for the life of me why the republican party to which i have belonged a lot longer than most of the people in congress, is so adamant about protecting the wealthiest people in the country. most of those people are democrats, anyway. we have to get more tax revenue. in my neighborhood, many people have twoory three o
obama is not right. i'm not a fan of mr. obama, i didn't vote for him, but he's right. it's not complex arithmetic, we have to get more money in the system. >> he said that, there were people who agreed with the approach even though they didn't agree with him. >> i think the republicans have a decision today. they need to decide whether they're going to stay and protect the wealthiest americans from participating in this challenge that we have and if they do that, then we have no...
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several more republic governors taking a stand against obama care. they are announcing that they will not set up state based marketplaces. governors john kasich, rick perry and scott walker among those telling health and human services they will not allow virtual marketplaces that's where people and small businesses can shop for coverage. in his letter. perry says, quote: it would not be fiscally responsible to put hard working texans on the financial hook for unknown amount of money to operate a system under rules that have not even been written. a total of 20 states have declined to take part. and an oklahoma teen ordered to go to church to avoid prison. last december, tyler allred was drinking and crashed his truck. his friend riding with him died instantly. all red pled guilty to plan slaughter in august and gave a tearful apology in court. instead of jail, the judge sentenced it him to probation and ordered him to go to church every sunday for the next 10 years. interesting punishment. >> check in with rick who is outside with a look at the firs
several more republic governors taking a stand against obama care. they are announcing that they will not set up state based marketplaces. governors john kasich, rick perry and scott walker among those telling health and human services they will not allow virtual marketplaces that's where people and small businesses can shop for coverage. in his letter. perry says, quote: it would not be fiscally responsible to put hard working texans on the financial hook for unknown amount of money to operate...
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. >>> at this hour, president obama is headed to southeast asia, his first overseas trip since winning re-election. he boarded air force one couple of hours ago. you're looking at new video from joint base andrews in maryland. the president's four-day trip includes stops in thailand, cambodia and myanmar. he'll be the first u.s. president to travel to myanmar. decades of depression have given way to democracy. >>> before the president left washington, in this morning's weekly address he once again called for congress to extend the middle class tax cuts. >> that's what drives me. that's what i campaigned on for the past year. that's what will guide me in our work over the next four years. i'm willing to work with anyone of any party to move this country forward. >> president obama also sounded positive about his meeting with congressional leaders yesterday. he says both political parties are committed to reducing the deficit and strengthening the economy, which includes coming up with a deal to avoid the impending fiscal cliff. >>> fans of comedian cat williams are now turning on the co
. >>> at this hour, president obama is headed to southeast asia, his first overseas trip since winning re-election. he boarded air force one couple of hours ago. you're looking at new video from joint base andrews in maryland. the president's four-day trip includes stops in thailand, cambodia and myanmar. he'll be the first u.s. president to travel to myanmar. decades of depression have given way to democracy. >>> before the president left washington, in this morning's weekly...